Latest news with #2Bonds.The
Economic Times
16-07-2025
- Business
- Economic Times
SBI launches Rs 25,000 crore QIP, floor price at Rs 811.05 per share
PSU lender State Bank of India (SBI) on Wednesday launched a Rs 25,000 crore ($2.9 billion) share sale to institutional investors while approving the floor price for the issue at Rs 811.05 per equity share which is at a discount of 2.5% over the Wednesday closing price. ADVERTISEMENT SBI's board had on May 3, 2025 approved the resolution to raise the fund via the qualified institutional placement (QIP) mode. The board authorised the opening of the issue today. Shares of the bank ended 1.9% higher on the day, while the benchmark Nifty 50 index closed flat. Earlier, the board of India's largest public lender, State Bank of India (SBI), on Wednesday approved a plan to raise funds worth Rs 20,000 crore in INR through the issuance of Basel III-compliant Additional Tier 1 and Tier 2 lender will issue bonds to domestic investors during the current financial year, SBI said in its filing to the shares have been laggards, declining nearly 6% over 12 months, though they have managed to deliver positive returns of 5% in 2025 so far. ADVERTISEMENT The lender has lagged behind its peers in the PSU banking space. While the Nifty PSU Bank index declined by over 2% in the past 12 months, the broader Nifty gained 2.5% during the same shares have bounced back in the last six months, gaining 10% and outperforming the headline Nifty, whose returns stand at 8.6%. ADVERTISEMENT SBI shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 801 and Rs 789, respectively, according to stock has also exhibited volatility with a 1-year beta of 1.1. ADVERTISEMENT The public sector lender had reported a standalone net profit of Rs 17,035 crore for the quarter ended June 30, 2024, gaining 0.9% over Rs 16,884.29 crore reported in the year-ago period. The net interest income (NII) in Q1FY25 stood at Rs 41,125 crore, a jump of 5.71% over Rs 38,905 crore in Q1FY24. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16-07-2025
- Business
- Time of India
SBI board approves fundraising of up to Rs 20,000 crore via bonds
(You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The board of India's largest public lender, State Bank of India ( SBI ), on Wednesday approved a plan to raise funds worth Rs 20,000 crore in INR through the issuance of Basel III-compliant Additional Tier 1 and Tier 2 lender will issue bonds to domestic investors during the current financial year, SBI said in its filing to the the fundraise announcement, shares of the lender rose over 2% to hit the day's high of Rs 834 on the TO COME....
